Naxatra Labs, a deeptech company focused on designing and manufacturing high-efficiency electric motors for electric vehicles (EVs) and industrial applications, has raised $3 million in a Pre-Series A funding round. The round was led by Rainmatter, with participation from a strong lineup of prominent founders, operators, and angel investors.
The fundraise saw participation from Mohit Tandon (Delhivery), Himanshu Aggarwal (Aspiring Minds), Vijay Shekhar Sharma (Paytm), Aloke Bajpai (Ixigo), Anupam Jalote (CEO, iCEM), Narayan (Ather Energy), Soumitra (Operators Studio), Hemant Daga (CEO, Neo Assets), and others, reflecting strong conviction in Naxatra’s technology and execution capability.
Founded with a mission to build world-class motor technology in India, Naxatra Labs develops end-to-end motor tech for EVs and industrial applications—right from electromagnetic design and validation to final production. The company has spent over four years building deep R&D capabilities and has successfully transitioned multiple products from research to production. Naxatra is already working with multiple domestic customers and export markets, positioning itself as a key player in India’s energy transition ecosystem.
Commenting on the investment, Himanshu Aggarwal, Co-founder of Giraffe Studios and Angel Investor, said, “We are excited to see the progress at Naxatra—our first deeptech energy transition bet at Giraffe Studios. The energy transition is predicated on power electronics, battery technology, and traction, and we believe Naxatra will play a significant and leading role in India’s traction initiatives. Congratulations to the team, and we look forward to continuing our partnership.”
Vishvesh from Rainmatter, which led the round, highlighted the company’s first-principles approach to hard engineering problems, “At Rainmatter, we’ve been looking closely at deeptech and hardware over the last few years, especially founders solving hard problems from first principles. Naxatra fits that vision perfectly—building traction and electromagnetic devices that are innovated, designed, and manufactured in India. We’re extremely happy to back the team and lead this round, and we believe they will make waves in this field while paving the way for others to innovate.”
Abhilash, Co-founder and CEO of Naxatra Labs, said the funding will accelerate the company’s growth and scale, “We’re excited about this investment round, which reflects strong confidence from our existing investors as well as the addition of new partners. The electric motor market is experiencing strong tailwinds driven by rapid electrification, growing demand for efficient motors, and India’s emergence as a global manufacturing alternative. Naxatra has successfully taken multiple products from R&D to production, and this funding will enable us to accelerate the development of new product lines, expand our team across the organization, and increase our production capacity to 50,000 motors per month.”
With the new capital infusion, Naxatra Labs plans to deepen its R&D efforts, expand into new high-growth motor applications, scale manufacturing capacity, and strengthen its export footprint, reinforcing its ambition to become a globally competitive, India-born motor technology company.
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